Standard & Poor's raises rating of BAUER Aktiengesellschaft

05.06.2007 – 13:44

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ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
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finances
Schrobenhausen, June 5, 2007 - (euro adhoc) - Today the international
rating agency Standard & Poor's raised the existing long-term rating
for the construction and equipment manufacturing group BAUER
Aktiengesellschaft, which since July 4, 2006 has been listed in
official trading (Prime Standard) on the Frankfurt Stock Exchange, to
"BB+" outlook stable.
Standard & Poor's states that the key reasons for raising the rating
are the company's strong global market position and business
performance and its improving financial profile. The rating agency
also emphasizes Bauer's strong geographic diversification and the
consistent revenue and earnings growth over the past few years.
About Bauer
Bauer is a global provider of specialist foundation engineering and
related services as well as a leading international vendor of
specialist foundation engineering machinery, equipment and tools and
related services.
The Group's operations are managed in two segments: Construction and
Equipment. The Construction segment provides specialist foundation
engineering services and also operates in the related fields of
environmental technology, structure remediation, bridge-building and
project development. In its Equipment segment, Bauer offers an
extensive range of machinery, equipment and tools for specialist
foundation engineering. The Group markets its products and services
worldwide, through local sales companies and project management
networks. The BAUER Group profits from the collaboration between its
two segments. This means Bauer is able to offer innovative and highly
specialized complete solutions for specialist foundation engineering
projects, providing all the necessary services and specialist
equipment.
Founded over 200 years ago, the BAUER Group today generates over two
thirds of its total revenues outside of Germany. Employing over 5,500
people, the Group's total revenues were EUR 980 million (previous
year: EUR 824 million) in 2006.
end of announcement euro adhoc 05.06.2007 13:43:08
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ots Originaltext: BAUER Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.ch
Further inquiry note:
Bettina Mestenhauser
Head of Investor Relations
Telefon: +49(0)8252 97 1918
E-Mail: bettina.mestenhauser@bauer.de
Branche: Construction & Property
ISIN: DE0005168108
WKN: 516810
Index: CDAX, Classic All Share, Prime All Share, SDAX
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade